Supreme Court ruling does zero to boost confidence in UK financial assets

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Supreme Court ruling does zero to boost confidence in UK financial assets
EU2017EE Estonian Presidency [CC BY 2.0], via Wikimedia Commons

The UK Supreme Court’s ruling that Boris Johnson’s suspension of parliament was unlawful will not boost optimism in the pound and UK financial assets, warns the CEO of one of the world’s largest independent financial organisations.

The comments from Nigel Green, the CEO of deVere Group, follow the unanimous judgement by the highest court in the land on Tuesday that the prorogation of parliament was “unlawful” because it had the effect of frustrating democracy.

He observes: “This is a massive blow to UK Prime Minister Boris Johnson and his approach to Brexit. It would suggest that the possibility of a hard Brexit – and all its associated perceived threats – has further reduced.

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